Revenue is expected to dip by around 10% in the third quarter, the gambling company said.
Gambling group 888 warned of a hit to earnings and revenue on Thursday as it revealed an impact from sporting results that benefited customers and new gambling rules.
It came as it also warned that earnings before interest, tax, depreciation and amortisation will be lower than it had previously expected during the period. The company pointed towards “customer friendly sports results” which impacted its margins both in the UK and abroad in September. Revenue in the fourth quarter is expected to be higher than in the third, but lower than a year earlier “by a mid-single digit”, 888 said.
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